Posts Tagged ‘COVID19 Practice Management’

With the initial economic shock of the COVID-19 pandemic back in March 2020, the Emergency Injury Disaster Loan (EIDL) and subsequent grant programs funded by the CARES act received a lot of buzz. In the first round of the EIDL grant, businesses were granted $1000 per employee of their business, up to a maximum of $10,000. Recently, congress has allocated another $20,000,000,000 in EIDL grants (advances) in the new stimulus to allow businesses who received less than $10,000 to qualify for the full $10,000 grant, minus any amount already received. Let’s take a look at EIDL grants and common questions regarding them.

Here we go again! In case you missed it, congress recently passed a new COVID-19 stimulus package on December 22, 2020, that provides over $900 billion in aid to individuals and businesses – pending the president’s signature. Notable parts of the new bill include changes to PPP (Paycheck Protection Program), EIDL, clarification of tax treatments of relief funds, and an extension to the Families First Coronavirus Response Act tax credit.
To help you further understand the bill, here is a quick rundown of everything you may need to know in an easy to read FAQ format.

In January, many eye doctors were excited, hey 2020 was supposed to be the Year of the Optometrist, right?  Well, everything came crashing down when mid-March hit, thanks to a certain, highly contagious respiratory illness.  While there has certainly been a lot of negative repercussions with the ongoing COVID-19 outbreak and public health crisis, there…

In the past few weeks, we have become all too familiar with the infamous Economic Injury Disaster Loan (EIDL) program and Payroll Protection Program (PPP) loans. However, there are other grants available for qualifying small business owners affected by COVID-19. As you know, the earlier you apply, the higher the chance that you may successfully…